Experience:
5+ years of experience
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Employment Type:
Full time
Posted:
9/22/2019
Job Category:
Accounting
Assistant Manager, Accounting
(This job is no longer available)
Marriott | Bethesda, MD
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Job Description

Posting Date Sep 10, 2019

Job Number 19123600

Job Category Finance and Accounting

Location Marriott International HQ, 10400 Fernwood Road, Bethesda, Maryland, United States VIEW ON MAP

Brand Corporate

Schedule Full-time

Relocation? No

Position Type Management

Start Your Journey With Us

Marriott International is the world's largest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed. We believe a great career is a journey of discovery and exploration. So, we ask, where will your journey take you?

JOB SUMMARY

The Assistant Manager is responsible for executing and monitoring processes to ensure compliance with specific contractual requirements. This includes assisting in the implementation of processes to monitor the various thresholds and execute against cyclical performance termination testing requirements. At a minimum, this position will focus on performance and extension tests for Central and Latin America (CALA), Europe and Middle East and Africa (MEA). The Assistant Manager will lead with a focus on process improvement, leverage of technology, seek best practices, and establish a solid partnership with Continental stakeholders.

BUSINESS CONTEXT/EXPECTED CONTRIBUTIONS

Expected Contributions

* Perform performance termination calculations for International hotels in accordance with the terms of the management / lease / franchise agreements and identify at-risk properties for inclusion in consolidated global reporting to Continent leadership and Corporate senior management.
* Monitor all transaction service notifications for International managed hotels. Identify any properties with new management agreements, amendments or side letters that include new or modified performance termination and/or extension test provisions. Ensure that the performance termination database is updated for key terms, definitions, calculations, competitive sets and trigger year to facilitate ongoing accurate reporting, analysis and compliance.
* Perform other performance tests (without termination provisions) on a quarterly basis for all hotels with such contract provisions.
* Ensure processes are in place to maintain integrity of key terms and calculations to facilitate ongoing reporting and analysis.
* Maintain existing databases relating to management contracts and the specific provisions termination tests.
* Perform extension test calculations to evaluate termination risk to Marriott. Maintain database of key terms and calculations.
* Assist with the annual certification of annual performance termination calculations and competitive sets.
* Develop expertise in contract threshold provisions and provide guidance/insight to key stakeholders.
* Participate in projects to monitor and communicate Marriott's risk with respect to contractual obligations and limitations; develop standard reporting to key stakeholders.
* Assist with the review and consolidation of the annual certifications of Shared Service Units and cost allocation methodologies for all Continents.
* Submit general ledger maintenance on an as requested basis for global shared services clusters.
* Work with Continent Compliance Managers to ensure balances in the shared service clusters net to zero every month.
* Serve as a resource to assist in resolving business issues which may involve coordination with other functions such as Legal, Asset Management, Development, and Continent.
* Establish and maintain strong, collaborative relationships with partners and customers to understand the business, ensure timely exchange of information, and deliver customer satisfaction.
* Seek opportunities to improve efficiency and effectiveness of procedures and controls. Identify opportunities and support an environment of continuous improvement.
* Maintain accurate and up to date documentation of procedures related to areas of responsibility.
* Perform other duties as assigned to meet business needs.

CANDIDATE PROFILE

Experience

* 5+ years of relevant experience
* Exposure to Management contracts and/or legal agreements

Education or Certification

* Bachelor's Degree in Finance or Accounting preferred
* CPA certification or audit experience a plus

Knowledge and Skills

* Strong technical accounting skills; understanding of Generally Accepted Accounting Principles and related controls.
* Strong financial acumen with proven analytical and problem-solving skills.
* Proficient in Microsoft Office applications.
* Previous MIGL experience preferred.
* Broad understanding of accounting and the correlation of operating Financial Statements.
* Broad understanding of Marriott accounting and finance processes and systems.

Attributes

* Strong verbal and written communication skills
* Ability to effectively resolve complex financial calculations/issues
* Strong organizational skills and effectiveness in prioritizing and managing multiple priorities
* Strong attention to detail and accuracy
* Able to work independently
* Effectively work in a team environment.
* Ability to embrace continuous process improvement
* Ability to influence others and function effectively in a collaborative work environment
* Motivated team player
* Strong interpersonal skills with a "win-win" negotiating style

Location

* MIHQ

Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Marriott International does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.

About Marriott

Marriott International, Inc. is a worldwide operator and franchisor of hotels and related lodging facilities. The Company's operations are grouped into the five business segments: North American Full-Service Lodging, North American Limited-Service Lodging, International Lodging, Luxury Lodging and Timeshare. In its Lodging business, which includes the North American Full-Service, North American Limited-Service, International, Luxury and Timeshare segments, it develops, operates and franchises hotels and corporate housing properties under 15 separate brand names, and it develops, operates and markets timeshare, fractional ownership and whole ownership properties under four separate brand names. The Company also provides services to home/condominium owner associations for projects associated with one of its brands. Prior to November 3, 2007, its operations also included its synthetic fuel business, which it classifies as discontinued operations. (Source: 10-K)